Emirates Profits Slump On Falling Airfares | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.21.25

Airborne-Unlimited-07.22.25

AirborneUnlimited-07.23.25

Airborne-Unlimited-07.24.25

AirborneUnlimited-07.25.25

Fri, Nov 11, 2016

Emirates Profits Slump On Falling Airfares

Down 64 Percent Due To Competition, Reduced Demand

Profits at Emirates Group have dropped 64 percent over the past year due to lower travel demand and strong competition, the airline has reported.

Buying Business Travel reports that the airline's half-year profits have slumped to $364 million, even though revenue has climbed one percent to $12.7 billion.

Sheikh Ahmed bin Saeed Al Maktoum, chairman and CEO of Emirates Airline and Group, said the airline's performance for the first half of the 2016-17 financial year continues to be impacted by the strong US dollar against other major currencies.

“Increased competition, as well as the sustained economic and political uncertainty in many parts of the world has added downward pressure on prices as well as dampened travel demand,” he said.

But the executive said that the carrier is continuing to make strategic investments and launching new destinations, including a route from Dubai to Ft. Lauderdale, FL starting next month.

(Image from file)

FMI: www.emirates.com/us‎

Advertisement

More News

Airborne 07.21.25: Nighthawk!, Hartzell Expands, Deltahawk 350HP!

Also: New Lakeland Fly-in!, Gleim's DPE, MOSAIC! Nearly three-quarters of a century in the making, EAA is excited about the future… especially with the potential of a MOSAIC>[...]

ANN's Daily Aero-Term (07.27.25): Estimated (EST)

Estimated (EST) -When used in NOTAMs “EST” is a contraction that is used by the issuing authority only when the condition is expected to return to service prior to the >[...]

ANN's Daily Aero-Linx (07.27.25)

Aero Linx: Regional Airline Association (RAA) Regional airlines provide critical links connecting communities throughout North America to the national and international air transpo>[...]

NTSB Final Report: Luce Buttercup

The Airplane Broke Up In Flight And Descended To The Ground. The Debris Path Extended For About 1,435 Ft. Analysis: The pilot, who was the owner and builder of the experimental, am>[...]

Classic Aero-TV: 'That's All Brother'-Restoring a True Piece of Military History

From 2015 (YouTube version): History Comes Alive Thanks to A Magnificent CAF Effort The story of the Douglas C-47 named, “That’s all Brother,” is fascinating from>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC